WTS CEE News

Establishing a company in Central and Eastern Europe

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Key changes of the Belarusian Tax Code in 2019

Belarusian Finance Ministry published a draft of the new Belarusian Tax Code 2019 on its official website. The changes are expected to come into force on 1 January 2019. Provisions we found the most interesting are summarised below. New term for recognition of services permanent establishment Planned change: as a rule, foreign company will constitute

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Amendments to transfer pricing regulations and to the CIT law in Poland

A draft legislation amending the PIT and the CIT law in Poland has been published by the Polish Government Legislation Centre middle of July. The draft includes among others significant changes in the country’s transfer pricing rules. The new regulations will come into effect on 1 January 2019 according to the plans, but they were

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Amendment to the Czech Construction Act has not met all expectations

Czech-Tax-News-2018On 1 January 2018 an amendment to the Czech Construction Act, or Building Act entered into force in the Czech Republic. While it aimed to simplify and shorten the approval process, the experts see the results somewhat controversial. In our article we show the pros and cons.

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Clarification of the Master and Local File in Austria

On 4 December 2017, the Austrian Finance Ministry published information on the Transfer Pricing Documentation Act, including specifications of the Master and Local File in Austria.

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Introducing master and local file in the TP documentation in Latvia as of 2018

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Consignment stock or customs warehouse in Serbia

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Registration of a legal entity in Russia in 5 steps

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New rules regarding mergers, fusions and demergers in Slovakia

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Accounting of a spin-off in Austria

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Polish monitoring system will be extended to rail transport

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Changes in payment services regulation in Lithuania

On 17 April 2018 the Lithuanian Parliament adopted the package of the draft laws on payment services. We summarise the major changes.

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Poland plans changes to minimum income tax on commercial property

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Digital VAT in Belarus

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Changes regarding the Romanian corporate income tax and tax on micro-company revenues

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Hungarian-Turkish social security agreement takes effect

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Special gambling levy in Austria for international lotteries

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Specific features of Russian VAT on digital services

A non-Russian company which provides digital services to the Russian individuals is liable to pay VAT from its income as a Russian VAT taxpayer.

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Financial statements in Poland soon to be in electronic form only

On 12 February 2018, the Polish president signed the Act, which changes the act on the National Court Register. The new law took effect on 15 March and introduces the electronic filing of financial statements in Poland in two steps.

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Application of the Value Added Tax Guarantee Mechanism in Slovakia

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